How Much Does It Cost to Change Your LLC Name in Illinois?

How much does it cost to change your LLC name in Illinois?
For LLCs and corporations, it costs $25 to change the assumed name and $5 to cancel the assumed name.
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For a number of reasons, including rebranding, changes in ownership or organizational structure, or even a shift in the kinds of goods or services provided, it may be necessary to change the name of your LLC. If you have an LLC in Illinois and wish to rename it, you might be curious about the associated charges.

You must submit Articles of Amendment to the Illinois Secretary of State in order to change the name of your LLC there. $150 is required to file this paperwork. The Articles of Amendment can be submitted online or by mail. You can use a credit card or an electronic check to pay the filing fee if you decide to file online. You can use a check or a money order to cover the filing cost if you choose to do it via mail.

It is crucial to remember that altering the name of your LLC has no impact on your tax ID or EIN (Employer Identification Number). The IRS must be separately notified of the name change. Your company’s licenses, permits, and contracts with suppliers and vendors may also need to be updated to reflect the new name.

How Long Does It Take in Illinois to Form an LLC?

You might be wondering how long the procedure takes if you want to create an LLC in Illinois when you are establishing a new firm. The method you use to submit your LLC paperwork will determine the result.

Within 24 hours, the procedure of filing your articles of organization can be finished online. You can use a credit card or an electronic cheque to pay the $150 filing cost.

It could take up to 10 working days to process your articles of organization if you decide to mail them in. You can use a check or money order to pay the filing cost, which is likewise $150. If I Have an LLC, Do I Need a Business License?

You might be wondering if you require a business license to run your enterprise if you have an LLC in Illinois. The answer is based on the kind of business you run, the goods or services you provide, and the place where your company is located.

Some companies must have a license or authorization to operate in Illinois. Businesses that sell food or drink, offer childcare services, are contractors, or are plumbers, for instance, can require a license or permission. A local license or permission may also be necessary for enterprises in some cities and counties.

To find out if your company need a license or permission, it is crucial to contact the Illinois Department of Commerce and Economic Opportunity as well as your neighborhood city or county government.

In addition, in Illinois, can you act as your own registered agent?

You can act as your own LLC’s registered agent in Illinois. A registered agent is a person or organization who accepts court documents and commercial correspondence on your behalf. You must have a physical Illinois street location where you can receive legal documents and official mail during regular business hours if you decide to act as your own registered agent. A P.O. Box cannot be used as your registered agent address.

You can also pay a reputable registered agent service to serve as your registered agent. The normal annual cost for this service is between $100 and $300.

In conclusion, it costs $150 to rename an LLC in Illinois, and you can send in or submit the Articles of Amendment online. Depending on the filing method you use, Illinois LLC formation can take a while. Depending on your sort of business and where it is located, you might need a license or permit to operate your LLC. Finally, if you have an actual street address where you may receive legal documents and official communication, you are able to serve as your own registered agent in Illinois.

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